The cryptocurrency silk road
The Cryptocurrency Silk Road, the digitization of trade relations
The relationship between the European Union and Asia is of global importance, and these ties are likely to expand in the coming years. Asia, home to about 60% of the world's population, accounts for 35% of EU exports (€618 billion) and 45% of EU imports (€774 billion). For both Europe and Asia, growing global interdependence is an opportunity for greater cooperation. The time has come to seriously consider introducing an international unit of account between Asia and Europe - United Asian Token.
It would rid the world of currency wars, speculation, avoid distortions in trade relations, and reduce market volatility. The currency should have a simple, transparent emission mechanism that is under the control of its consumers. Given digitalization and the development of blockchain technologies, such a unit of account can be embodied in the form of United Asian Token (UNAS) cryptocurrency.
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